Funding you earn now, next payment 16:00 UTC+0.0346%/8h= +37.9% APRnext payment +$3.46 per $10,000 · paid last 24h +0.097%
Price spread now: Binance against Phemex+0.002%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1411.414% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.002%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BRKBUSDT | 503.71 | 0 | get 0.0000% / 8h | 7h 35m | $1.3M | $65K | 10x |
| Short | Binance BRKBUSDT | 503.72 | 0.0346 | get 0.0346% / 8h | 7h 35m | $2.6M | $1.5M | 20x |
Phemex BRKBUSDT
Binance BRKBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $72.69
- Price spread: +0.002% → −0.005%
- $0.71
- Slippage, 4 orders
- −$119.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.96
- Costs to cover
- 1.414%
- Break-even
- 13.5 days
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 14 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 2 min ago | 11.51 bp | 51.9 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.99 bp | 15.2 bp −$15 | 51.8 bp −$518 | doesn't fit | doesn't fit |
BRKB on 14 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BRK.B-USD | −0.0010% | 1h | 502.74 | −0.193% | $1.1M | $3.3M | 10x | as long as short |
| Aster BRKBUSDT | 0.0000% | 8h | 503.22 | −0.097% | $297K | $30K | 20x | as long as short |
| Bybit BRKBUSDT | 0.0000% | 8h | 504.11 | +0.079% | $98K | $40K | 25x | as long as short |
| Gate BRKB_USDT | 0.0000% | 8h | 504.00 | +0.058% | $541K | $33K | 20x | as long as short |
| Bitget BRKBUSDT | 0.0000% | 8h | 503.94 | +0.046% | $381K | $79K | 20x | as long as short |
| SunX BRKB-USDT | 0.0000% | 8h | 503.78 | +0.014% | $1K | $1.2M | 10x | as long as short |
| HTX BRKB-USDT | 0.0000% | 8h | 503.87 | +0.032% | $7K | $40K | 20x | as long as short |
| Phemex BRKBUSDTlong | 0.0000% | 8h | 503.71 | long leg | $1.3M | $65K | 10x | |
| edgeX BRKBUSDC | +0.0063% | 4h | 503.52 | −0.037% | $26K | $247K | 10x | as long as short |
| KuCoin BRKBUSDTM | +0.0100% | 8h | 504.01 | +0.060% | $46K | $1.4M | 20x | as long as short |
QFEX BRK.B-USD
Aster BRKBUSDT
Bybit BRKBUSDT
Gate BRKB_USDT
Bitget BRKBUSDT
SunX BRKB-USDT
HTX BRKB-USDT
edgeX BRKBUSDC
KuCoin BRKBUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BRKB | +0.0116% | 8h | 503.75 | +0.007% | $427K | $20K | — | as long as short |
| OKX BRKB-USDT-SWAP | +0.0148% | 8h | 504.31 | +0.119% | $488K | $153K | 20x | as long as short |
| Binance BRKBUSDTshort | +0.0346% | 8h | 503.72 | +0.002% | $2.6M | $1.5M | 20x | |
| GRVT BRKB_USDT_Perp | +0.0555% | 8h | 503.67 | −0.008% | $3K | $237K | 10x | as long as short |
Variational Omni BRKB
OKX BRKB-USDT-SWAP
GRVT BRKB_USDT_Perp